Saturday, May 25, 2019

Tag "FG"

    Reactions as FG announces plans for Fulani radio

Reactions as FG announces plans for Fulani radio

The federal government on Tuesday announced that it has acquired an amplitude modulation (AM) radio broadcast licence to reach herdsmen across the country.Announcing the development, Adamu Adamu, minister of education (pictured), said the move is part of measures to enhance nomadic education and curtail the farmer/herders crisis in the country.Adamu said the radio service would operate on the frequency of [...]

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    ASUU: FG approves fresh N25bn earned academic allowance

ASUU: FG approves fresh N25bn earned academic allowance

Adamu Adamu, minister of education, says the federal government has approved an additional N25 billion allowance for members of the Academic Staff Union of Universities (ASUU).Speaking at a valedictory press conference in Abuja on Tuesday, Adamu said the newly approved fund is different from the N20 billion earlier released in 2018.He assured that the beneficiary institutions would get the [...]

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    FG inaugurates 10MW power plant for Abuja airport

FG inaugurates 10MW power plant for Abuja airport

The federal government, on Tuesday, inaugurated a 10 megawatts power plant for the Nnamdi Azikiwe International Airport, Abuja.Hadi Sirika, minister of state for aviation, said the independent power plant (IPP) is to complement electricity supply at the airport.The minister added that the project was executed due to the high electricity demand following the construction of the new international terminal.“It is [...]

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    Lai: Obasanjo seeking to divide Nigeria in the twilight of his life

Lai: Obasanjo seeking to divide Nigeria in the twilight of his life

Lai Mohammed, minister of information, says the recent comment by former President Olusegun Obasanjo on the Boko Haram crisis is absurd and divisive.In a statement on Tuesday, the minister said it was tragic that the former president who fought to keep the country as one is the same person seeking to divide it in the twilight of his life.While delivering [...]

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    Lai: We have evidence of plans by opposition to sabotage government

Lai: We have evidence of plans by opposition to sabotage government

Lai Mohammed, minister of information, says the federal government has evidence of plans by the opposition to sabotage government.He spoke on Saturday at the 12th annual Lai Mohammed Ramadan lecture in Oro, Kwara state.The minister alleged that the opposition is working to overheat the polity and make the country ungovernable.He said the security agencies would not "allow anyone to reverse [...]

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    FEC approves $1bn Chinese loan for power project

FEC approves $1bn Chinese loan for power project

The federal executive council (FEC) has approved a fresh $1 billion Chinese loan for a power project.The approval was given at a meeting presided over by President Muhammadu Buhari at the presidential villa, Abuja, on Wednesday.Confirming the loan approval, Suleiman Adamu, minister of water resources, said it will be obtained from the China-Exim Bank for the Gurara II Hydropower project.According [...]

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    Dickson: Bayelsa doesn’t get 13% derivation because NNPC is more powerful than FG

Dickson: Bayelsa doesn’t get 13% derivation because NNPC is more powerful than FG

Seriake Dickson, governor of Bayelsa, says the most powerful entity in the country is the Nigerian National Petroleum Corporation (NNPC) and not the federal government.Speaking when he featured in an interview with Osasu Igbinedion on The Osasu Show, Dickson said Bayelsa and other oil-producing states get less than the supposed 13 percent oil derivation owing to the supposed might of [...]

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    Miyetti Allah deserves respect, Garba Shehu replies Afenifere, Ohanaeze

Miyetti Allah deserves respect, Garba Shehu replies Afenifere, Ohanaeze

Garba Shehu, presidential spokesman, says the presidency is pleased that Afenifere and Ohanaeze Ndi Igbo groups found its statement worthy of attention.Speaking when he featured on a programme on Channels Television, Shehu had likened the  Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) to Ohanaeze and Afenifere, saying the group should not be criminalised.Both groups had replied Shehu, asking him not to compare [...]

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    US: How Nigeria assisted us in arresting wanted drug baron

US: How Nigeria assisted us in arresting wanted drug baron

The US has described as “resounding”, the assistance of the federal government and law enforcement agencies in the extradition of a wanted "drug baron".According to a statement from the public affairs section of the US embassy in Nigeria, Muhammad Khalid Khan, the 31-year-old suspect, was arrested in Nigeria following a federal arrest warrant issued in New York.The US indicted Khan, a Pakistani, [...]

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    Falana: FG ought to recognise African court on human rights

Falana: FG ought to recognise African court on human rights

Femi Falana, human rights lawyer,  has filed a suit against the federal government over its refusal to acknowledge the jurisdiction of the African Court on Human and Peoples’ Rights.In the suit filed before the federal high court in Abuja, Falana sought an order directing the government to accept the competence of the court, situated in Arusha, Tanzania, to hear cases [...]

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    Archbishop says Buhari has been incapacitated

Archbishop says Buhari has been incapacitated

Tunde Adeleye, chairman of the Christian Council of Nigeria, Cross River state, says President Muhammadu Buhari has been incapacitated.In an interview with PUNCH, Adeleye, who is also an archbishop, said Buhari is not doing well and the people around him are not telling him the truth.The cleric said the government is not working because it "is physically and fundamentally disunited.""In [...]

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    FG to compensate codeine manufacturers with N1bn for seized products

FG to compensate codeine manufacturers with N1bn for seized products

The federal government says it will spend over N1 billion to compensate manufacturers of codeine-containing cough syrup who had their products seized or withdrawn from circulation.Moji Adeyeye, director-general, National Agency for Food and Drug Administration and Control (NAFDAC), disclosed this on Monday in Lagos.The government had in May 2017 banned the production and importation of codeine and tramadol in the [...]

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    FG: We’ve not found a formula to end fuel subsidy

FG: We’ve not found a formula to end fuel subsidy

The federal government says it is yet to devise a workable formula for the removal of fuel subsidy.Speaking at the federal executive council meeting, Zainab Ahmed, minister of finance, said removal of subsidy would have negative effect on vulnerable Nigerians.Christine Lagarde, managing director of the International Monetary Fund (IMF), had advised Nigeria and other countries to remove fuel subsidy, saying [...]

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    130 days since FG last spoke about Chibok girls — could it be the elections?

130 days since FG last spoke about Chibok girls — could it be the elections?

President Muhammadu Buhari had said his government would not rest until the remaining Chibok schoolgirls in Boko Haram’s captivity are rescued.While speaking during a bilateral meeting with Switzerland President Alain Berset, on the sidelines of the UN Climate Change Conference on December 4, 2018, the president assured the Swiss president that the issue of the remaining kidnapped girls and other [...]

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    From June, FRSC may withdraw driver’s licence of traffic offenders

From June, FRSC may withdraw driver’s licence of traffic offenders

The Federal Road Safety Corps (FRSC) says it will commence full implementation of the penalty point system on traffic offenders from June 1.Speaking on Wednesday at a summit on information technology at the national headquarters, Abuja, Boboye Oyeyemi, FRSC's corps marshal, said the penalty points are allotted to traffic offences accumulated in the driver’s record.Oyeyemi said offenders who violate traffic [...]

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    Senate reduces budget deficit, slashes FG’s borrowing by N200bn

Senate reduces budget deficit, slashes FG’s borrowing by N200bn

The senate has slashed federal government's borrowing in the 2019 budget by N220 billion.The executive had proposed N1.86 trillion as budget deficit but it was reduced to N1.64 trillion.The decision to cut the borrowing in the budget was part of recommendations in a report on the 2019 medium term expenditure framework (MTEF) and fiscal strategy paper (FSP).President Muhammadu Buhari had [...]

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Exchange Rates

May 23, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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